If your organization is providing services to the customers in the European Union, then you probably would already know the importance of the GDPR. For those who don’t know about it, GDRP stands for “General Data Protection Regulation”. It is the regulation made in response to the data privacy concerns of the customers residing in the EU.
To keep privacy and data of the customers secured, the new data protection regulation called “GDPR” has been introduced. According to this regulation, every organization offering services in the EU are required to comply itself under this regulation, maximum by the 25th of May 2018. After that deadline, the organizations found failing in GDPR monitoring under new regulations would be heavily fined.
Basics of GDPR:
It actually refers to both the “controller” and “processor” of the data. In simplified words, we can say that, those organizations who are working in the EU and are accessing the data of the customers residing in the EU, both the parties are involved in the process of the GDPR.
During accessing the data of the customers the companies are most often able to track a lot of their private data as well. But now, according to the new regulations, these organizations need to take care of all that data in further appropriate way, so the privacy of the customers is kept intact.
Penalties on Failing to GDPR Compliances:
The cyber security is the biggest concern of all the organizations around the world. The EU is trying to make strict regulations to keep the privacy of the customers intact, so that doesn't leak from a company to cause troubles for the customer.
We could find a lot of firms offering better and improved security policies for cyber security UK and around the other EU countries. But it is more than important to ensure all that complies with the GDPR, and that the EU companies must get themselves comply with it before 25 May 2018. Otherwise, penalties and fines of up to €10 Million or the 2 percent of the Global revenue of the respective organization could be charged.
Nothing else is more important these days than the cyber security for every organization around the world. That’s a real headache for most of them. It has been the real cause behind leaking the privacy of the customers and the organizations themselves. That’s why, the EU has taken vital steps in strictly making all the EU organizations to comply with the GDPR regulations.
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